DAZN Group Leases Office Space At 1 World Trade Center, New York
1 World Trade Center, New York, NY, 1...
Building Size
50,688 SF
Asset Type
Office
Closing
Oct 25, 2018
AI
The property asset involved in this transaction is an office space located at 1 World Trade Center, New York, NY, with a total square footage of 50,688. The market for this property is New York. The landlord of the property is the Durst Organization.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1 World Trade Center, New York, NY
- Market: New York
- Square Feet: 50,688
- Tenant: DAZN Group
- Landlord: Durst Organization
- Brokers: Greg Johnson - Daum Commercial Real Estate Services, Patrick Johnson - Berkadia, Nate Brzozowski
- Lease Date: 10/25/2018
The deal features participation from multiple brokers, including Greg Johnson representing Daum Commercial Real Estate Services, Patrick Johnson representing Berkadia, and Nate Brzozowski. These individuals played a role in facilitating the lease transaction between the tenant, DAZN Group, and the landlord, Durst Organization.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93